NYSEARCA:PXJ

Invesco Dynamic Oil & Gas Services Etf ETF News

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$42.68
-0.250 (-0.582%)
At Close: Jun 03, 2026
Crude oil markets have rallied a bit during the week, but quite frankly we are still in the midst of a major consolidation area.
Crude oil markets eventually turned things around during the trading session on Friday, after initially selling off quite drastically.
WSJ reported that UAE could leave OPEC, but the country's officials have quickly refuted the report.
Oil futures edged lower Friday, but remained on track for weekly gains as traders weighed optimism over Chinese demand against rising U.S. crude inventories.
Crude oil's short-term trend is likely to be biased to the upside as long as China's demand continues to recover from COVID-related restrictions.
Oil prices slipped in early trade on Friday but were on track to post gains of nearly 2% for the week as a rebound in China's factory activity offset growing concerns about rising U.S. crude stocks an

U.S. oil futures settle at a 2-week high

02:45pm, Thursday, 02'nd Mar 2023
U.S. benchmark crude-oil prices on Thursday marked their highest settlement in two weeks. “Optimism surrounding China's economic recovery are offsetting more hot inflation data in Europe and the U.S
Oil markets stay strong as traders focus on the rebound of the Chinese economy.
Francisco Blanch, head of global commodities at BofA Global Research, explains how key geopolitical factors are shaping commodity markets.
Crude oil markets have gone almost nowhere during the trading session on Thursday as we continue to hang around in the same consolidation rectangle.

Oil prices rise, buoyed by demand optimism

07:52am, Thursday, 02'nd Mar 2023
Oil futures gained ground early Thursday, with support tied to signs of improving demand in the U.S. and improving economic data out of China.
Once the bullish China news plays out, traders will be looking for another catalyst. That catalyst is likely to be the U.S. Dollar.
Oil prices inched up in early Asian trade on Thursday, extending gains from the previous two sessions on signs of a strong economic rebound in China, the world's top oil importer, which offset worries
U.S. benchmark crude-oil prices on Wednesday settled at their highest in almost two weeks, after the Energy Information Administration reported a 1.2 million-barrel weekly rise in U.S. crude inventori
Natural gas markets pull back amid profit-taking.
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